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Gold fell slightly from its six-month high on Wednesday as a rebound in the stock market and a stronger dollar weakened its appeal.
Spot gold fell 0.1% to $1,280.81 an ounce at 2020 GMT, earlier hitting a peak of $1,288.66 since June 15.
U.S. futures closed up 0.2% at $1,284.10 an ounce.
"The stock market rebounded, and the dollar index was very strong, testing 97 again, two factors put pressure on gold prices," said Walter Pehowich, executive vice president of investment services at Dillon Gage Metals.
"I think gold will go very well in 2019 and the dollar will continue to weaken, although today's rise is just an aberration."
The S&P 500 closed lower, but higher than the day's low, falling 1% earlier in the day.
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